Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN SERVICER ADVANCES - Schedule of Interest Income Related to Investments in Servicer Advances - Others' Interests (Details)

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INVESTMENTS IN SERVICER ADVANCES - Schedule of Interest Income Related to Investments in Servicer Advances - Others' Interests (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Servicer Advance Joint Venture [Member]          
Investment [Line Items]          
Investment $ 328,221   $ 328,221   $ 343,640
Ownership interest 44.50%   44.50%    
Net income in joint venture $ 33,985 $ 12,960 $ 60,207 $ 40,258  
Average ownership percentage 44.50% 44.50% 44.50% 44.50%  
Others [Member]          
Investment [Line Items]          
Investment $ 182,094   $ 182,094   $ 190,647
Ownership interest 55.50%   55.50%   55.50%
Net income in joint venture $ 18,853 $ 7,193 $ 33,400 $ 22,332  
Others' ownership interest as a percent of total [1] 55.50% 55.50% 55.50% 55.50%  
[1] As a result, New Residential owned 44.5% and 44.5% of the Buyer, on average during the three months ended September 30, 2016 and 2015, respectively, and 44.5% and 44.5% of the Buyer, on average during the nine months ended September 30, 2016 and 2015, respectively.